Carlyle, which bought 60% of TCW Group in February 2013, reduced its stake to 31%, moving the remaining holding to a long-term fund. Carlyle, which bought 60% of the company in February 2013, reduced its stake to 31%, moving the remaining holding to a long-term fund. The transaction values TCW at about 150% more than Carlyle’s initial investment, according to figures in an investor presentation. That’s an accurate expression of what took place.”Question: Are they going to invest a lot in TCW funds? Lippman: “This transaction lifted the Sword of Damocles, that constant question with Carlyle: ‘This is private equity.

Source: Mint December 28, 2017 15:11 UTC